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's atmosphere is ca not like what we saw a few weeks ago in the united states. delegates are sitting down getting to what the have come here for. each candidate will make a ten minute speech. the first expected to start speaking any minute. the prime minister noda will speak first, then agricultumini akamatsu, and haraguchi and kano. lawmakers and democrats were expected to run in national elections are eligible to vote here. 336 delegates in all. party members, members of local assemblies and supporters from across the country, cast their ballots too. those will be added to the total. if no one gets the majority, the two leading vote getters will enter a run-off. and nhk analysis suggests prime minister noda is the favorite to win in the first round. one lawmaker i talked to told me that he will vote for noda because noda is the only one who can lead japan. he said he has no doubt in his choice. >>> thank you very much. updating us on the ruling democratic party leadership voting in the coming hours. chinese government crews seem determined to make their claims known to countries in the
's been no confirmation from the united states. the secretary of hillary clinton issued a statement. but she added there is no justification for violence. emily buchanon has more. >> inferno overnight at the u.s. consulate in benghazi. militants stormed the compound and set fire to buildings. it's not clear yet how the ambassador died, but reports suggests his car may have come under rocket attacks as he and others were trying to escape. the anger was sparked by a provocative film made by an israeli american about the life of the prophet muhammad. >> my name is christopher stevens and i'm the new u.s. ambassador to libya. >> the american ambassador of christopher stevens had a lifelong interest in the middle east. he had been in libya for less than four months after taking up his post in may. the killings was strongly condemned by libya's general national congress. it's not clear who is responsible. some suggest hard line groups. but the country's deputy interior minister accused realm thans for testing about the treatment of gaddafi. >> let's go live to libya. our correspondence --
. >> warner: the president said the united states would work with the libyan government to track down the perpetrators. >> today, we mourn four more americans who represent the very best of the united states of america. we will not waver in our commitment to see that justice is done for this terrible act. and make no mistake, justice will be done. >> warner: for now, the pentagon ordered special units of marines to libya called "fast" teams, like this detachment shown training, to reinforce security at diplomatic sites in libya. and from tripoli, the president of libya's national assembly echoed the words of his american counterparts. >> ( translated ): we apologize to the united states of america and to the american people and to the whole world for what happened, and at the same time we expect the rest of the world to help us face these cowardly criminal acts. we refuse to use our country's land as a scene of cowardly reprisals. >> warner: those reprisals came apparently in response to internet clips of a film titled "the innocence of muslims" that crudely defamed the prophet muhamm
smoke coming out of the u.s. embassy. they have replaced the united state flag. there are also reports they have taken over an american school there as well. fox is trying to confirm all of this. it is similar to what we are seeing and other countries, in particular lebanon. at least one person was killed in the protest. many more were wounded. this comes as pope benedict xvi arrived in lebanon. protesters they were seen ripping up his picture ahead of his visit to lebanon. here in afghanistan, we feared there would be widespread violence. so far, those have not materialized. it has been very peaceful here in kabul. there are real concerns that the rights will spread to afghanistan or pakistan in the coming days. melissa: connor, thank you for that report. lori: these are trying times, that is for sure. let's see how the markets are reacting. nicole petallides is on the floor of the new york stock exchange. nicole: we are keeping a close eye on some of the office product retailers. there is news. the first set of news is stapled it now has private equity firms interested in taking it p
printing spree here in the united states, printing anywhere from 2.4 trillion to $2.7 trillion in order to buy up bonds, including a lot of government debt directly. they say, hey look, so far we don't have inflation so there is no harm in it. to what you say? >> 2% inflation as opposed to a greater level of inflation, there is such a panic in europe that everybody was racing out of the europe into the dollar. holding dollars the fed created instead of spending them same in the united states. because of the economic situation in the united states, many people are using dollars they receive, indeed some printed by the fed to repay debt inset of consume. the whole idea we're not cooking inflation in the oven in the long run is a false idea. the key to the gold standard and going forward to a modernized gold standard it is a prescription for long-term economic growth. under the gold standard the american economy grew at 4% compounded annually, from the birth of the republic practically up until 1971. whereas the economy under the federal reserve's quantitative easing in the last decade has
of people protesting this anti-muslim film made here in the united states. dagen: rick leventhal from fox news joins us live. rick. >> the pakistani government declared today a national holiday, love for the prophet. nonviolence, but things got ugly fast. and across the streets of pakistan including islamabad to keep protesters from approaching the consulate there. and demonstrations in karachi, five movie theaters were burned and a couple of banks on fire. and one officer killed there. and in peshawar, hundreds of demonstrators set movie theaters on fire and police used tear gas. at some point opened the fire on the people and hit a pakistani news vehicle and killed the driver there. and they were marching through the streets and protesting the anti-muslim film and burned a makeshift coffin draped with an american flag and burned an effigy of president obama and around middle east and africa and security has been beefed up at a number of u.s. and western embassies around the region as a precaution, guys. dagen: rick, thank you for that reporting. connell: and nicole, the new york stock e
and the united states. libya, for example, has brought its oil industry back online. it is pumping more than i believe a million barrels a day. these are essential to the oil markets internationally and to the price of gas here in the united states. so it's not just oil. it's also international security. it is future of israel. it is our long-term interests in the middle east. melissa: is it working? i hear what you're saying and you look at pictures and see what happens, you have to ask yourself is it working? >> of course those of us who have been out there, we're shocked and we're obviously very, very saddened by these events and our first reaction of one, gee, why does this happen? what we have to do is first of all see what the governments will do in response to these attacks. they have an absolute responsibility to protect embassies and diplomatic establishments. this was not done at all in the case of egypt. the libyans tried. there was a major gunbattle with terrorists involved. we have to see in days ahead how these governments react. i think we should withold judgment on the next ste
doing well and running their plants at full capacity. obviously helped from sales in the united states and china. and then you have the latins, french and italians facing substantial issues of sales and excess capacity. fiat closed a factory in siscil, but that was done at financial costs. >> as an investor, all the political pressure to stay in italy comes potentially at what might be in the company's best interests longer term. >> i think will is really the issue. i think one of the quid pro quo for closing the plant in sicily was to actually at least bring more production back into italy from poland and this is the new one they started producing at the beginning of the year and they already announced short time working so it's still not selling. >> is that reflective of concerns in europe or does it scare with what we heard out of daimler which was talk about slowing europe and china sales trends. >> daimler and mercedes specifically highlighted problems in southern europe. that plays into fiat's main market. >> and meanwhile journalist who had the story we're talking about fiat now
the united states does not talk about trickle-up economics, take that 80%, educate them, make them pay taxes, and stop charging the top 5% more and more for what they create. why is that conversation not happening here? >> well, that's part of why inet, the institute for new economic thinking, was founded. james heckman at university of chicago and nobel prize-winning economist and i are working on a major program. we have 179 people worldwide on early-age human capital, early-age education which includes public health. >> you just have to put more resources into the education system to make it work. >> and better allocation of incentives, absolutely right. you're talking about a national tragedy. >> the word "resources" is loaded especially this week when we've got chicago teachers facing a potential injunction. >> yes. >> overturning citizens united, right, is not going to -- is not going to pacify what's happening outside. >> mm-hmm. >> neither is paying teachers more or giving them a shorter school year. right? >> i think if you paid teachers more, say relative to other professions, you
for the president of the united states. i-accept. >> without a change of leadership with the next four years be any different? >>reporter: vice-president? responding. with social policy out of the 60s, and a foreign policy that opposes the cold war. >> before he goes to charlotte to will visit look the damage of issac several thousand people without power because of these storms. comcast channel 193 is kron 4's new 24/7 bay area news channel. no matter what time of the day or night it may be, when you need the very latest news, weather, and traffic information this is the place to find it. this is a live look at the bay bridge. >> apple is taking samsung back to court. now it is looking at the samsung galaxy 3 apple has already been awarded billions of dollars from a jury. however, 21 new smart phones, media players in tablets are on the chopping block the copyright infringement is eight of its patents. >> facebook users can do more with their pictures in just post. they can even print and the first is from snap fish printing at least 20 pages and even some walgreen's. each print is about $3.
put an all-in with regard to quantitativizing in the united states. you don't fight the bang of england, the bank of japan, people's bank of china, the ecb and the fed. this ends up being good for risk assets over the next 6 to 12 months. we've added stocks to european equity, looking at emerging markets again which has lagged. ironically specifically in asia, in a follow-up to the chinese context right now. but there is a lot of opportunity right now. >> what about china? michelle set up some of the diplomatic tiffs going on between china and japan. if you look at china's economy, a lot of people have written china off in terms of its investment potential near-term. doesn't sound like you were doing that. >> i think people are overembellishing the downside. valuation show we're at significant discounts but in a very nacent domestic value. we're missing point with regard to 7% 208% growth is still very dynamic in china. they have beter response to the global markets. i think the reality to china is we don't want continued expectation of 10% growth. we want 7% growth domestic
how the united states is responding next. first as we do every day at this time of day, check out how oil is moving right now based on that news out of libya. not moving much at all. down 11 cents. $97.11 a barrel. before copd... i took my son fishing every year. we had a great spot, not easy to find, but worth it. but with copd making it hard to breathe, i thought those days might be over. so my doctor prescribed symbicort. it helps significantly improve my lung function starting within five minutes. symbicort doesn't replace a rescue inhaler for sudden symptoms. with symbicort, today i'm breathing better. and that means...fish on! symbicort is for copd including chronic bnchitis and emphysema. it should not be taken more than twice a day. symbirt may increase your risk of lung infections, osteoporosis, d some eye problems. tell your doctor if you have a heart condition or high blood pressure before taking it. with copd, i thought i'd miss our family tradition. now symbicort significantly improves my lung function, starting within 5 minutes. and that makes a difference in my breathin
and the president of the united states, whoever it may be after november, a second chance, possibly a very clear timetable saying time is running out, our clocks are ticking. israel's clock is ticking much faster. we feel very threatened. the president of iran talking the day before, basically pledged to wipe israel off the face of the map. we have threatens civilization as we know it was certain civilizations threatened as well, so what the prime minister tried to make clear was he will not allow iran to acquire nuclear weapons, but he expects international community led by the united states to do it rather than have israel do it. connell: does that take the possibility of an israeli military strike against iranian nuclear institutions, whatever they may be, does it take it off the table before the end of the year or before the u.s. presidential election? >> i think it does. whabut he has basically said wae are allowing you more time to try and use diplomacy, to try and use of sanctions. we expect you to act. i think it creates more certainty, and in fact i think the redline were the prime mini
the united states, calling for more democracy. now, there is an ongoing clash here as some demonstrators are trying to attract u.s. embassy, which is right on the edge of this square and you can see fear gas being fired from egyptian security forces trying to keep the demonstrators away from the u.s. embassy wall. a similar scene today in yemen, as an angry mob attacked the u.s. embassy compound in the city of sanaa a state department official says that all u.s. personnel that the embassy in sanaa have been accounted for and appear to be safe. another assault on a u.s. embassy, this time in yemen. protesters threw stones at the embassy walls in the capital, sanaa. they climbed the gate, set fires, and raised posters denouncing a once-obscure u.s.-based internet movie that portrays the prophet mohammed. personnel in yemen were reportedly moved to a secure location. in cairo, more clashes, but this time, it's egyptian security pushing back. they fired tear gas to drive protesters away from the u.s. embassy in cairo. and the new egyptian president rejected violence against u.s. diplomats in
. in the corner there, that is the street that leads to the united states embassy. and for the last hour or so, we've been seeing egyptian security guards firing tear gas at protesters trying to keep them away from the embassy walls. a very similar scene going -- taking place right now in the city of yemen in the capital of yemen, where protesters even managed to breach the compound walls. >> reporter: another assault on a u.s. embassy, this time in yemen. protesters threw stones at the embassy walls in the capital. they climbed the gate, set fire, and raised posters denouncing a once obscure u.s.-based internet movie that portrays the prophet mohammed. personnel in yemen were reportedly moved to a secure location. in cairo, more clashes, but this time, it's egyptian security pushing back. they fired tear gas to drive protesters away from the u.s. embassy in cairo. and the new egyptian president rejected violence against u.s. diplomats in a televised statement and said he told that to president obama in a phone call this morning. wednesday night in an interview with telemundo, the president was as
would go on to beat the united states ambassador to libya showed early signs of wanting to be a u.s. diplomat. >> he was very active in the model u.n. club. he was also editor in chief andand our award winning high school newspaper. the principal says his death is his example to commitment to service. >> once we get over the shock we will reflect on what we can do to share his life's work with our students. he was in the peace corps, he was active in community service he was an honorable person. on >>catherine: the embassy attack has ignited a firestorm on the campaign trail. on >> angry democrats are now saying this is no time for romney to be taking shots of u. s. farm policy. the romney campaign it canceled a florida campaign speech, sending supporter's home and held a news conference. >> a terrible course for america to withstand an apology for our values. >> democrats blasted romney for what they said was a political attack and aftermath of the tragedy. >> i do not think he knows what he is talking about, frankly. >> notably of other republicans did not echo from thes
of the market. it is in the hands of the eflt cb not the hands of united states. >> we should point out tomorrow we will get some sort of plan or are expecting to from the ecb perhaps some details about a bond buying plan of some kind that we're hearing some things about today. the market may be disappointed in that these reports seem to indicate they'd be targeting three years and less in terms of maturity. that they would not have a yield target perhaps, say we're not going to let it go above 7%, and that it would be sterilized purchases. there are some who believe, hey, you need to actually increase the money supply. really if you're going to get things moving in europe but of course the germans are always concerned about inflation and sterilization which basically means they'll try and take in as much in deposits as they buy in bonds. sort of keeping -- >> somebody tweeted this morning fed bernanke needs to show them how you really print money. and, jim, one other facet of this report is that the head of the bach the german still remains the one lone hold out to this bond buying policy meani
. but here in the united states, with respect to the rally, i'm getting a large number of questions. we're getting a large number of questions about whether or not the stimulus boost from federal reserve easing is what it used to be, so to speak. i would remind people take a look at the last couple of instances, we've had similar measures. we've had similar instances of people wondering whether the fed was -- if i had $1 for every time we talked about the fed being out of bullets, i'd have lots of dollars. and we're going through that again. >> they would all be worth less. >> the previous dollar, yes. >> less than maybe ten years ago. not necessarily less than five years ago. >> shame on you for that populist comment there that you should be cutting taxes in europe. at what point do you think the spanish are going to cut taxes given the situation that they're in? shame on you for appealing to your republican base in such a shameless way. >> btig's clients would be interested to know that i had a republican base, but listen. at the end of the day, there isn't a sort of a one-size-fits-a
to keep order. it's sort after metaphor what's happening in the united states and countries all around the world where you have, you think you can solve every problem by new regulation, and you have so many different regulations concerns unsportsman like conduct. about ten of them delay of games and illegal, tackler using a helmet to butt. too many regulations for problems on the field. >> and so should the nfl cave and pay more to the regular refs to get them back? >> no, too many-- >> we're going to get e-mails on this, and we will watch whether we've got replacement refs or regular refs. >> we'll watch. >> of course we will. >> and i'll watch, there you go. >> two stories from two states, each will make you angrier than the next, first, union heads give chicago teachers a goldstar for their strike, that shut down schools in seven days, and then, there is california, the formerly golden state where the governor is set to sign a bill that could push even more businesses right out of the state. next. ♪ stuart: new at 10:00 a.m., a truly only in california story. all signs point to je
's happening in the united states. >> certainly that's going to bring down the large indices and i just wonder if you think in the fourth quarter there will be a put from central banks or from hedge fund managers that have to play catchup or could we look at the last three months last year? >> central banks are obviously very powerful. you know the old saying, don't fight the fed. you have to be very careful. but as you stretch out the time rise and what you find historically is there is no relationship between liquidity and stock market movement. but i think what's much more important is your original question, if the profit cycle continues to decelerate, i think that's what people want to think about and that's what people want to position their portfolios for. i still think personally that you want to look at more defensive sectors which i think are less prone to have these big earnings disappointments right now. >> rich, can you put together these two knows in the market that you want to be in more dmfticily oriented companies and also this other thought in the market that you want to be i
in the united states, and we think larger caps are the place to be. liz: where in the larger cap space? are there particular sectors you like? particular names? >> well, within the large cap, we believe in a broader based investment strategy, well diversified. a couple of sectors we like is health care and the other is real estate despite huge runups with home builders. we think that recovery is just at its infancy, and really won't peak out for another four or five years in the real estate market. a couple sectors we think have real legs to grow much higher. david: david, back to you. we have a credit crunch going on. the fed, both the fed and politicians, try to make sure we don't have the same kind of bubble in housing we did before. large companies can get around this in a way small companies can't going directly into the markets themselves. for that reason, would you prefer a large cap company over a small cap company right now? >> yes, absolutely. for the reasons you cite. number one, they do have access to credit. number two, they do have strong balance sheets, clean, and a lot
. chairman and delegates, i accept your nomination for president of the united states. >> it raised the question of whether it was better off now than it was when he was elected. >> why would the next four years be any different than the last four years. >> what they a spouse is a social policies and foreign policy with echos of the cold war and being meant to nick -- and economic policies that brought us to a great recession. >> and he will tour what is left behind. >>> now a mopping other things, including some well know names, among them, nancy pelosi and park bra lee. >>> a person has been suspended after the death of a freshman pledge. 18-year-old phillip died after a night of drinking at an off campus fraternity house. he was pledging the beta kind fraternity and they are investigating whether hazing was involved in his death. >> this is a university and you have a chance to get that full college experience so it just suction. >>> in over news, a woman was rescued from a chp helicopter after suffering a medical emergency. they responded to the eastern side of the mountain at 7
units across the united states. the only time i've ever had a break is when i was on maternity leave. i have retired from doing this one thing that i loved. now, i'm going to be able to have the time to explore something different. it's like another chapter. boproductivity up, costs down, thtime to market reduced... those are good things. upstairs, they will see fantasy. not fantasy... logistics. ups came in, analyzed our supply chain, inventory systems... ups? ups. not fantasy? who would have thought? i did. we did, bob. we did. got it. >>> what should you do with apple after the beating it has taken for the last couple of days. if you are thinking of buying a text document for a couple of days. after apple $17.25 crushing today on top of yesterday's hideous loss. tonight we are going to go off the charts. we are going to figure out where apple's stock might be headed and what you should do about it. chief strategist author and before we get into the details i want to point out that when it comes to apple, back on may 22nd, the stock had experienced a nasty pullback just as this one. h
towards rent. the much anticipated iphone hit stores today in the united states. we are talking about the iphone 5. excitement generated a record- setting 2 million presale orders last week. that is just the start of what is expected to be a historic launch. >> the scene outside of chicago's michigan avenue store is familiar. >> everybody thought we were ridiculous. >> since tuesday apple fans anticipated iphone 5. >> last time i was number one for the iphone 4s. >> many tech observers expect iphone 5 to be number one, possibly the largest consumer electronics launch ever. >> this has been retold and redesign. it is with taking a look at. the attention to detail is very impressive. >> it comes as samsung the topped global sales of 20 million units for its samsung galaxy siii. >> when you say 20 million galaxy funds, would be a disaster for apple. >> some forecasted sales of 50 million units by year's end. while reviews of the new devices -- bigger screens, lighter weight, faster processors were mostly positive -- some where left waiting. >> when it happens, while apple still be able t
as well as in the united states. >> markets saying these figures point to eurozone contraction of 0.5% in qe. what's your outlook? >> it's in line with our numbers. we think for the full year the eurozone contracts at 0.4% rate, so not far off what you suggested and that seems to be consistent with the underlying data coming in. no real revisions just yet but we'll watch and wait. >> what about 2013, is that a year -- 2012 we see europe broadly contracting. what about 2013? >> a lot hinges on the global environment. hinges on whether the u.s. can slowly grow and maybe grow a bit faster. whether china can begin to pick up steam. external stories can be critical for europe. >> larry will stay with us. let's check in and check out market reaction. >> one hour into european trading session. 73 declining outpacers. ftse 100 down 1.5% yesterday. down 0.5%. dragged yesterday by u.s. disappointing. the xet ra dax down 0.3%. ibex down after a good rise in july. keep your eye on bond rates. yesterday we had a nice rally in spain on two-year. ten-year, 6.62%. that's slightly higher on the sess
in france, germany, the uk and the bae largest customer, the united states. so where do we go from here? katherine boyle joins us, she's been writing about this online. a very good morning to you. let's talk about the impediments to something getting done. which is the biggest one in your opinion? >> well, i don't think you're going to see much political interference actually because i've heard from sources that in fact the main government evolved in the european side have all been consulted off the record and have given the nod. of course that didn't mean that there aren't other governments that could cause some trouble. as you mentioned, be have boeing, but we also have lockheed martin and northrup who are even bigger players in the defense market. >> and it raises the question is it a bigger deal for civilian air space market or defense. and obviously it's defense. >> the u.s. defense market which is still the world's biggest by several multiples. and why there's been a lot of noise about saudi arabia and china and other countries which are sort of bunch onin burgeoni. >> they need t
. the protest seemed, at least in part, in response to an internet movie trailer produced in the united states that anchored muslims for an unflattering portrayal of the muslim leader mohammed. much like the arabs spring, word of the video has spread across the region rapidly for social media. youtube blocks of bdo in egypt and libya where those attacks took place tuesday. the scope of which stunned the u.s. diplomatic community. an official said friday that arrest had been made in connection to those killing. >> a protests began on tuesday against the film, and tonight the southern california moviemaker behind it is still hold up in his home, but the probation department says that he may soon have no trust but to come out. david lopez explains why. >> he is always partying on the weekend, lots of traffic on the weekends. >> she described his home in her neighborhood, the home where a man is said to be inside and refusing to come out. the door knob on the front door has been removed, the mailman delivered again, yesterday's mail still inside the box. no one has even peeked out the front door.
to be a hearing on whether or not samsung can even sell some of these products in the united states. >> if you have one, you don't have to give it back, you can keep it, but it may mean you cannot get replacement parts in the future. >> yes. >> this is a broader issue in terms of when you come up with an idea, how you protect it. >> that's correct. so if you take it down to sort of the -- you hear a lot of political campaigns about main street versus wall street, a main street business, someone has an idea and wants to protect it, they'll get a patent on the device and process and build a business around it, hire put food on the table of the employees' families and this is worth protecting. someone steals that idea, they'll want to take action and that's what you see in these patent infringement cases. people view their patents as their property and like you don't want someone taking your house, you don't want someone stealing your ideas. >> how is this different than you come up with a tire and another company comes up with steel belted radial tires? how do you protect your idea? >> you go an
champions in a great yesterday afternoon. death of the ended their right as a second printing in the united states and third of the world. fox off >> of elected officials on hand miss this fifth. thoughtful >> ab area world series is not out the oakland a's are going video west. that is habit in a bit lately. they had a big victory against the red sox >> . the giants are on track as well adding to their lead in the nl west. flight yesterday because us call have thought your if hall crackhouse this caused >>darya: the actor russell crowe had to be rescued. it was kayaking of long island with it to the loss hoax cox and >>darya: did with the concurrence of the talk got at the top office. and rounding out the top three comedy expendable and. >>james: coming up, more local headlines. here is a clear shot in san francisco. the golden gate as those a lot of fog. downtown, loose guys, it works like a good day. coifs caught i'm a native californian. times are tough. our state's going through a tough time. but we can fix it. ♪ chevron's been here in california for 133 years. we work hard. we
to be yet more liquidity coming into the system. probably both in universieurope united states. that keeps the action going. >> is that a good thing, don? what do you think about that? is it a good thing we're seeing such momentum in this market ahead of the fed policy, ahead of any of the policy coming out of any international central banks? >> what it does have is a very good effect from the standpoint of mr. obama because, although -- well, people say the unemployment number was terrible, so that's bad for obama. all the polls show that if the s&p 500 is doing really well, that the people out there tends to be more tolerant of some bad economic numbers. on the other hand, if the s&p is cratering and we're getting bad unemployment numbers, then that's good news for mr. romney. >> september and october typically are volatile periods for this market. some tough times right now. ron, one of the expectations is that the fed may add liquidity, but they may also extend the period of time that the fed will keep rates low for that period of time. maybe into 2015 is the expectation. is it a bit d
economic growth in the united states. you talk about it all the time on cnbc. you have policy people on. but really what we need to do is get government out of the way. this entrepreneur thing happens on its own by its own volition as long as tax policy is correct. that's what they were talking about. you get situations like entrepreneurs that become very successful, fror instance, zuckerberg and some of the millionaires he's created are splitting off and investing their own. they don't just sit on their cash, buy a yacht and sail around the world. >> why is one of the big platforms of this election that very issue regarding tax policy? it seems so self-evident to people we rub shoulders with on this trading floor but not to the population at large. >> they think it's gets muddied. if you talk about the capital gains tax. there was a guest on earlier today that says, what's it mean to somebody making $50,000? lowering the capital gains tax to somebody like that is the most important thing you can do because corporations are going to create jobs. people invest in start-ups that can creat
has been happening this morning? those viewers in the united states waking up, why are the apple workers in paris upset? >> for the last week, they've been extremely it is grunt he willed. all over the french media, they've been meeting with different management, complaining, in pact one of them was quoted as saying working at apple is like working in a coal mine. they've been complaining that they have to work longer hours than what they're paid for, that they don't get any commissions uneven though they're under constant pressure to sell. they're monitored by cameras in the stores and looking for things like a 13th month of pay as a bonus, higher pay and water fountains in the store. some of these things are standards for french workers, but they're complaining that apple has been extremely resistant to provide them these things. in fact they say they've been fighting for three years for the 13th month of pay. so at the end of yesterday, there was a sort of last resort meeting at which it was decided that these issues would be revisited before the end of the year, that the comp
camera again is everybody wants equal opportunity and fairness in the united states. it's just when that breaks down and you don't think it's fair. and you know what else plays into it? is corporate cronyism and the kablt ability to succeed but not to fail. we talk about these things in a perfect world. and it's not perfect. and that's when we get things that need to be rectified and people feel like they're getting screwed, basically. >> no, there's a feeling, and the feeling is enhanced in a downturn, a bubbly economy is when people feel better. i have to add these problems may seem, you know, to be challenges for us. they're big challenges in other places. >> worse than here. >> oh, yeah. india has had momentum stall and a loss of investor confidence from some really dumb stuff. >> you think we can get our mojo back, mike? >> oh, yeah. >> you do? >> yeah, i think so. partly because there's so many parts of the economy on the private sector side that are dynamic and functioning fine. i think people will get motivated and get back in the game. the real question marks frankly on our
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